After Rising 150%, Can Polygon Double Your Money Again?

The Polygon blockchain’s native cryptocurrency, MATIC, spiked nearly 150% in a month. It went from a low of $0.29 to a high of $0.75, delivering stellar returns to investors. MATIC is now hovering around the $0.71 mark on Wednesday and has remained in the green for nearly five days straight. Investors more than doubled their money in just 30 days, and the altcoin is among the top-performing cryptocurrencies this month.

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The altcoin is attracting bullish sentiments as investors are now looking at crossing the $1 threshold. MATIC reached an all-time high of $2.92 in December 2021 and has been unable to reclaim its lost glory for three years. Despite the recent spike in price, it is still down nearly 75% from its ATH. So, will Polygon’s MATIC rise another 100% from here and be at the top during the ongoing bull market? Let’s find out!

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Polygon: Will MATIC Rise Another 100%?

The ongoing bull market is throwing quite a few surprises by printing unbelievable gains in a short timeframe. Traders had to wait for three years to see their portfolio swell this month as Polygon’s MATIC moved at a snail’s pace. However, leading on-chain metrics and price prediction firm CoinCodex has a different picture for MATIC.

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According to the recent price prediction, Polygon’s MATIC might not double in price this year and could trade sideways. The maximum the leading altcoin could surge this month is somewhere between 10% to 15%. The 150% spike in the last 30 days might not be repeated again, read the forecast.

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The highest Polygon’s native token MATIC could surge this month is $0.83. Therefore, if the forecast is accurate, an investment of $1,000 could turn into $1,150. The markets are gearing up for Trump’s oath, and 2025 seems to be a promising year for digital assets.